Where the World’s $13T in Sovereign Wealth Is Held

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https://www.visualcapitalist.com/the-worlds-largest-sovereign-wealth-funds/

With all our natural resources Australia’s sovereign wealth fund (Future Fund) should be a lot higher. We have given away our wealth and not to those who need our help but to those who make profits which end up hurting most of us.

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Norway taxes gas profits at 78% and so has built an enormous wealth fund over 30 years on the back of it. Australia’s equivalent tax generates $2 billion a year. The same resource, taxed very differently and guess who’s missing out?

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